Q: Just read your email update on preparing for potential increased volatility. One of the measures was to focus on lower beta stocks, which I do anyway. I went though all of my holdings (easy because beta is one of the metrics I track).
I was surprised with one of my holdings = CDZ, the Canadian Dividend Aristocrats ETF, whose beta is 1.1. I would have thought that with the very nature of this ETF that it would have a much lower beta. Can you explain why the beta is as high as it is?
Thanks for your help...Steve
I was surprised with one of my holdings = CDZ, the Canadian Dividend Aristocrats ETF, whose beta is 1.1. I would have thought that with the very nature of this ETF that it would have a much lower beta. Can you explain why the beta is as high as it is?
Thanks for your help...Steve